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EAGLE, Idaho (AP) _ PetIQ Inc. (PETQ) on Thursday reported a second-quarter loss of $1.9 million, after reporting a profit in the same period a year earlier.
The Eagle, Idaho-based company said it had a loss of 8 cents per share. Earnings, adjusted for non-recurring costs, came to 70 cents per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The pet medications and products maker posted revenue of $267 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $251.2 million.
For the current quarter ending in October, PetIQ said it expects revenue in the range of $160 million to $170 million.
PetIQ shares have increased 50% since the beginning of the year. The stock has climbed 18% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PETQ at https://www.zacks.com/ap/PETQ
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